NOT LISTED FOR SALE

2033 Magnolia Ave Long Beach, CA 90806

South Wrigley Neighborhood

Estimated Value: $1,049,000 - $1,129,000

1 Bed
1 Bath
2,682 Sq Ft
$404/Sq Ft Est. Value

Last Sold September 25, 2015

Last sale price $567,500 $212 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,589/month

63 Days on Market

Highlights

  • No Units Above
  • Fireplace in Bathroom
  • No HOA
  • All Bedrooms Downstairs
  • Property is near public transit
  • Heating System Uses Natural Gas

About This Home

As of September 2015

Located in the classic, prestigious Wrigley area, this modern four unit building has great curb appeal and is an excellent investment for the first time or experienced investor. Each apartment includes a single car garage and also included is an on-site laundry room (seller owns machines) which provide additional income. Situated near light rail transportation, freeways, restaurants and trendy Pine Avenue makes this investment a very desirable location in which to retain long-term tenants and provide the opportunity to increase rents.

Last Agent to Sell the Property

Thomas Winn

Long Beach Invest. Prop. License #00697278 Listed on: 04/22/2015

Co-Listed By

Gary Putman

J. Rubalcava & Associates License #00647161

Last Buyer's Agent

Aileen Mendoza

Gold Mine Group License #01704592

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,021

Year Built

  • Built in 1942

Lot Details

  • 6,862 Sq Ft Lot
  • Property fronts an alley
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached
  • Composition Roof

Interior Spaces

  • 2,682 Sq Ft Home
  • Living Room with Fireplace
  • Fireplace in Kitchen

Bedrooms and Bathrooms

  • 1 Bedroom
  • All Bedrooms Down
  • 1 Bathroom
  • Fireplace in Bathroom

Location

  • Property is near public transit

Utilities

  • Heating System Uses Natural Gas
  • Wall Furnace

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 0040
  • Tax Tract Number 1900
  • Assessor Parcel Number 7202043024

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $540
  • Insurance Expense $1,000
  • Water Sewer Expense $1,200
  • New Taxes Expense $7,187
  • Gross Income $3,600
  • Net Operating Income $41,460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,021

Year Built

Built in 1942

Lot Details

0

Parking

4

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Road Frontage Type: Alley
  • Subdivision Name Other: Wrigley Area (WR)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Type: Residential Income
  • Parcel Number: 7202043024
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Fireplace Features: Bath, Kitchen, Living Room
  • Levels: One
  • Price Per Square Foot: 211.60
  • Room Type: All Bedrooms Down

Exterior Features

  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Utilities: Natural Gas Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Electric: Electricity - On Property
  • Heating Type: Natural Gas, Wall Furnace
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Lot Features: 0-1 Unit/Acre, Near Public Transit
  • Lot Size Sq Ft: 6862.00
  • Price Per Lot Square Foot: 82.70
  • Lot Size Acres: 0.1580

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Electric Expense: 540.00
  • Gross Income: 3600.00
  • Gross Scheduled Income: 43200.00
  • Insurance Expense: 1000.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 6862.0000 Square Feet
  • Net Operating Income: 41460.00
  • Number Of Rented Garages: 4
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 1740.00
  • Rent Control: No

Tax Info

  • New Taxes Expense: 7187.00
  • Taxes Percent: 1.25
  • Tax Lot: 0040
  • Tax Tract Number: 01900
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 29, 2015
Sold by
Lee Billy K
Bought by
Kalsi Kamalpreet S
Current Estimated Value
$1,071,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$567,500
Interest Rate
3.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 22, 2011
Sold by
Nerja Investments Llc
Bought by
Lee Billy K and Lee Shirley S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2011
Sold by
Agner Manuel
Bought by
Nerja Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$177,500
Interest Rate
4.84%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 15, 2007
Sold by
Agner Maria Teresa
Bought by
Agner Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,250
Interest Rate
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 23, 2007
Sold by
Yelverton Marshall and Yelverton Tempest
Bought by
Agner Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,250
Interest Rate
6.29%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jan 21, 2004
Sold by
Hudson Noah
Bought by
Yelverton Marshall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,250
Interest Rate
6.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2002
Sold by
Mckittrick Neff Partnership
Bought by
Hudson Noah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,875
Interest Rate
6.89%

Purchase Details

Closed on
Jun 20, 1999
Sold by
Rector Ron and Rector Suzanne C
Bought by
Mckittrick Neff Partnership

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
7.2%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kalsi Kamalpreet S $560,000 First American Title Company
Lee Billy K $405,000 Lawyers Title
Nerja Investments Llc $294,500 None Available
Agner Manuel -- Gateway Title Company
Agner Manuel $665,000 Gateway Title Company
Yelverton Marshall $407,000 Security Union Title
Hudson Noah $252,500 Commerce Title
Mckittrick Neff Partnership -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kalsi Kamalpreet S $567,500
Previous Owner Lee Billy K $283,500
Previous Owner Nerja Investments Llc $177,500
Previous Owner Agner Manuel $33,250
Previous Owner Agner Manuel $598,500
Previous Owner Yelverton Marshall $308,500
Previous Owner Yelverton Marshall $81,000
Previous Owner Yelverton Marshall $305,250
Previous Owner Hudson Noah $285,000
Previous Owner Hudson Noah $239,875
Previous Owner Rector Ron $40,000
Closed Yelverton Marshall $40,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2015 09/25/15 Sold $567,500 -1.3% $212 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
04/22/2015 04/22/15 For Sale $575,000 -- $214 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,021 $671,799 $295,947 $375,852
2024 $9,021 $658,628 $290,145 $368,483
2023 $8,866 $645,714 $284,456 $361,258
2022 $8,334 $633,054 $278,879 $354,175
2021 $8,157 $620,642 $273,411 $347,231
2019 $8,041 $602,235 $265,302 $336,933
2018 $7,745 $590,427 $260,100 $330,327
2016 $7,124 $567,500 $250,000 $317,500
2015 $5,317 $423,265 $209,020 $214,245
2014 $5,297 $414,975 $204,926 $210,049
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Thomas Winn

    Long Beach Invest. Prop.

  • G

    Seller Co-Listing Agent in 2015

    Gary Putman

    J. Rubalcava & Associates

    (562) 426-2507

    3 Total Sales

    Section Image

  • A

    Buyer's Agent in 2015

    Aileen Mendoza

    Gold Mine Group

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW15085712

California Regional Multiple Listing Service (CRMLS)

APN: 7202-043-024

California Los Angeles County Long Beach 90806 South Wrigley

2033 Magnolia Ave, Long Beach, CA

This home is located at 2033 Magnolia Ave, Long Beach, CA 90806 since 22 April 2015 and is currently estimated at $1,082,667, approximately $403 per square foot. This property was built in 1942. 2033 Magnolia Ave is a home located in Los Angeles County with nearby schools including Lafayette Elementary School, Washington Middle School, and Juan Rodriguez Cabrillo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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